X0306 4 2017-05-08 1 0001361113 VARONIS SYSTEMS INC VRNS 0001248544 ACCEL EUROPE ASSOCIATES LLC 428 UNIVERSITY AVENUE PALO ALTO CA 94301 0 0 1 0 0001248541 ACCEL EUROPE ASSOCIATES LP 428 UNIVERSITY AVENUE PALO ALTO CA 94301 0 0 1 0 0001376765 Accel Europe Investors 2004 L.P. 428 UNIVERSITY AVENUE PALO ALTO CA 94301 0 0 1 0 0001131492 ACCEL EUROPE L P 428 UNIVERSITY AVENUE PALO ALTO CA 94301 0 0 1 0 0001219237 SWARTZ JAMES R 428 UNIVERSITY AVENUE PALO ALTO CA 94301 0 0 1 0 Common Stock 2017-05-08 4 J 0 1309356 0.00 D 1309356 I See Footnote Common Stock 2017-05-08 4 J 0 31373 0.00 D 31372 I See Footnote Common Stock 2017-05-08 4 J 0 10078 0.00 A 26568 I See Footnote Common Stock 2017-05-08 4 J 0 9112 0.00 A 30672 I See Footnote Common Stock 2017-05-08 4 J 0 7985 0.00 A 34379 I See Footnote Represents a pro rata distribution, and not a purchase or sale, without additional consideration by Accel Europe L.P. ("AE") and Accel Europe Investors 2004 L.P. ("AEI") to their respective limited and general partners. The reportable securities are owned directly by AE. James R. Swartz and Kevin Comolli (collectively, the "AEA Managers") are the managers of Accel Europe Associates L.L.C. ("AEA LLC"). AEA LLC is the general partner of Accel Europe Associates L.P. ("AEA LP"), which is the general partner of AE. The AEA Managers, AEA LLC and AEA LP may be deemed to share voting and investment power over the shares held by AE and each disclaim beneficial ownership of shares held by AE except to the extent of any pecuniary interest therein. The reportable securities are owned directly by AEI. The AEA Managers are the managers of AEA LLC. AEA LLC is the general partner of AEI. The AEA Managers and AEA LLC may be deemed to share voting and investment power over the shares held by AEI and each disclaim beneficial ownership of shares held by AEI except to the extent of any pecuniary interest therein. The reportable securities are owned directly by James R. Swartz. The reportable securities are owned directly by Homestake Partners L.P. James R. Swartz is a general partner of Homestake Partners L.P. The reportable securities are owned directly by Burn3, LLC. James R. Swartz is a managing member of Burn3, LLC. Accel Europe Associates L.L.C, By: /s/ Jonathan Biggs, attorney-in-fact 2017-05-10 Accel Europe Associates L.P., By: /s/ Jonathan Biggs, attorney-in-fact 2017-05-10 Accel Europe Investors 2004 L.P., By: /s/ Jonathan Biggs, attorney-in-fact 2017-05-10 Accel Europe L.P., By: /s/ Jonathan Biggs, attorney-in-fact 2017-05-10 James R. Swartz, by: /s/ Jonathan Biggs, attorney-in-fact 2017-05-10